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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Speculative loss - Setting off the Brought Forward Losses – ...


Department Must Maintain Consistent Tax Stance on Speculative Losses and Proportionate Expenses, Citing Case Law for Guidance.

September 18, 2013

Case Laws     Income Tax     AT

Speculative loss - Setting off the Brought Forward Losses – Proportionate Expenses - The department cannot take different stand on the year under consideration as principle of consistency has to be followed - AT

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